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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net loss $ (89,535) $ (10,294)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation expense 2,110 2,025
Issuance of common stock for payment of compensation 78 137
Issuance of common stock in exchange for services 302 83
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (166) 176
Accounts payable 8,032 2,190
Accrued expenses 9,326 1,682
Net cash used in operating activities (69,853) (4,001)
Investing activities:    
Purchase of intangible assets (20)
Net cash used in investing activities (20)
Financing activities:    
Net proceeds from issuance of common stock 139,760 185
Proceeds from exercise of stock options 572 325
Proceeds from exercise of warrants 10
Net proceeds from issuance of convertible notes 467 1,275
Net proceeds from issuance of PPP loan 83
Net proceeds from issuance of bridge notes 350 2,050
Payments on PPP loan (83)
Payments on bridge notes (2,400)
Payments on convertible notes (518)
Payments on notes payable to vendors (775) (505)
Net cash provided by financing activities 137,466 3,330
Net increase (decrease) in cash, cash equivalents and restricted cash 67,593 (671)
Cash, cash equivalents and restricted cash, beginning of period 214 885
Cash, cash equivalents and restricted cash, end of period 67,807 214
Supplemental cash flow disclosure:    
Cash paid for interest 672 13
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of notes payable and related accrued interest and fees to common stock 4,316 981
Beneficial conversion feature of convertible notes 143
Issuance of stock options in lieu of cash compensation 180 207
Issuance of warrants for services $ 2,070